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How much would you get for it

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Reference no: EM132082126

Can someone provide a walkthrough for the following problem:

A dealer is quoting a bid discount of 0.75 and an ask discount of 0.73 on a T-Bill with a maturity of 125 days. If you want to sell such a T-Bill to the dealer with a face value of $1M, how much would you get for it?

Reference no: EM132082126

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